Wednesday 2/1/12 Market Update

There is no change to the count from yesterday's update. The move higher since yesterday's low best resembles a 3rd wave higher. It may be a first wave if there will be an overlap with yesterday's high.


An impulse higher that began in December is likely in its later stages. There should be a final high over January's high coming within the next few days.


In the longer term, there is no change to the count above.